The General Court of the European Union (CJEU) has rejected appeals by four companies involved in illegal state aid in the Madeira Free Trade Zone (ZFM), determined by Brussels, supporting the European Commission in its decision of its incompatibility with EU rules. According to a statement from the court, this…
Posts tagged as “zona franca”
The European Commission's decision on the aid regime for companies in the Madeira Free Trade Zone (MZF), identifies a number of violations of Community and national legislation. The document was published yesterday in the Official Journal of the European Union.
Yesterday Judicial Police officers raided the offices of SDM - Sociedade de Desenvolvimento da Madeira- at Rua da Mouraria in Funchal, as part of an ongoing investigation of the International Business Centre of Madeira (IBC).